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exchangeable

From Wiktionary, the free dictionary

English

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Etymology

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    From exchange + -able.

    Pronunciation

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    Adjective

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    exchangeable (not comparable)

    1. Able to be exchanged.
    2. (finance) Having an associated right to be exchanged for another form of financial security.

    Derived terms

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    Translations

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    Noun

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    exchangeable (plural exchangeables)

    1. (finance) Any financial instrument with an associated right to be exchanged for another form of financial security.